| Age group | Median income | Average income |
|---|---|---|
| 25-34 | $53,289 | $58,823 |
| 35-44 | $71,061 | $83,406 |
| 45-54 | $78,203 | $97,730 |
| 55-64 | $65,119 | $93,223 |
| 65+ | $34,800 | $48,840 |
| Age group | Median net worth | Average net worth |
|---|---|---|
| 25-34 | $203,800 | $538,100 |
| 35-44 | $524,200 | $881,700 |
| 45-54 | $865,500 | $1,346,700 |
| 55-64 | $1,118,600 | $1,576,600 |
| 65+ | $946,300 | $1,409,500 |
What this dataset cannot show for Ontario is how much of its net worth ranking is carried by the Greater Toronto Area versus the rest of the province — net worth here is reported at the provincial level only, so a $1,118,600 median for a 55-64 family in Ontario is one number covering both Toronto's housing market and everywhere else in the province at once. What the figures do show is that Ontario's net worth ranks second of ten provinces in every one of the five age bands, from $203,800 among those 25-34 to that $1,118,600 peak — always behind British Columbia, always ahead of Alberta. Income moves around more: Ontario ties with British Columbia for fourth among the youngest band, rises to second by the 45-54 band at $78,203, then slips back to third for the two oldest bands. In every one of the five age bands, Ontario's net worth rank is at least as good as its income rank for that same band, and in four of the five it is strictly better — the only band where they match is 45-54, where both sit at second. Manufacturing and financial services anchor much of Ontario's income; the net worth figures suggest something else, plausibly home equity, is doing additional work on top of it.
Income above is individual-level, from the 2021 Census, and varies by gender and education. Net worth is family-level, from the Survey of Financial Security, and is compared by province and age only — it is not broken down by gender or education, so changing those inputs would not change the net worth figures shown here.